Alladapt Immunotherapeutics Valuation, Funding & Investors

Alladapt Immunotherapeutics is valued at $229M as of February 2020.

Last Alladapt Immunotherapeutics valuation

$229M

Series C · Feb 2020

Last Alladapt Immunotherapeutics funding round

$119M

Undisclosed stage · Jun 2022

Cumulative funding Alladapt Immunotherapeutics raised

$179M

across 2 funding rounds

Key investors in Alladapt Immunotherapeutics

  • Gurnet Point Capital
  • Novartis
  • Anne Wojcicki
  • Jeff Weiner
  • WestRiver Group
  • Patient Square Capital

Alladapt Immunotherapeutics Overview

About Alladapt Immunotherapeutics

Alladapt Immunotherapeutics is a New York-based clinical-stage biopharma developing oral immunotherapies for food allergies. Its lead candidate, ADP101, addresses multiple allergens including peanut, milk, and egg in pediatric patients. Founded in 2018 and backed by Regeneron Ventures, the company advanced Phase 3 trials from Boston headquarters, targeting desensitization for children aged one to three.


Founded

2018

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$229M (Feb 2020)

Alladapt Immunotherapeutics Valuation

Alladapt Immunotherapeutics is currently valued at $229M, based on its Series C in February 2020.

The $60M round was led by Gurnet Point Capital, with participation from Sacha Lainovic, TRB Advisors, Camino Partners, Dave Bunning, Stephanie Winston Wolkoff and 3 other investors.

Alladapt Immunotherapeutics valuation by funding round

Alladapt Immunotherapeutics valuation by funding round
DateStageValuation
Feb 2020Series C$229M

Alladapt Immunotherapeutics Funding History

Alladapt Immunotherapeutics has raised a total of $179M across 2 funding rounds.

Alladapt Immunotherapeutics' first fundraising round was a $60M Series C in February 2020. The most recent completed round was a $119M undisclosed-stage round in June 2022.

Alladapt Immunotherapeutics funding rounds

Alladapt Immunotherapeutics funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2022Undisclosed stagePatient Square Capital (lead); WestRiver Group; Red Tree Venture Capital; Novartis; Gurnet Point Capital; AllerFund$119M-Alladapt Immunotherapeutics is a private, clinical-stage biopharmaceutical company developing prescription therapeutics to address IgE-mediated food allergy, with its lead product candidate ADP101 aimed at treating the majority of U.S. food allergy patients through oral immunotherapy. On June 22, 2022, the company announced the closing of an oversubscribed $119 million institutional financing round led by Enavate Sciences, a portfolio company created by Patient Square Capital. Additional investors included founding investor Gurnet Point Capital, along with new investors Allerfund, Novartis, Red Tree Venture Capital, and West River Management. Proceeds are designated to support ongoing clinical development of ADP101, preparation for a potential pivotal trial, buildout of the company's manufacturing facility, and pipeline expansion. The financing reflects strong investor enthusiasm for Alladapt's approach to oral immunotherapy as a key treatment option in the food allergy landscape, with Patient Square Capital's Managing Partner Jim Momtazee joining the board. Alladapt's CFO Glenn Reicin highlighted the syndicate's substantial investment enabling expanded development of ADP101. Gurnet Point Capital's Sophie Kornowski reaffirmed commitment to Alladapt's patient-aligned vision.
Feb 2020Series CGurnet Point Capital (lead); Sacha Lainovic; TRB Advisors; Camino Partners; Dave Bunning; Stephanie Winston Wolkoff; John Arrillaga, Jr.; Jeff Weiner; Anne Wojcicki$60M$229MAlladapt Immunotherapeutics, founded in 2018 and based in Menlo Park, California, is a clinical-stage biopharmaceutical company developing prescription therapeutics for IgE-mediated food allergies, with its lead candidate ADP101 targeting multiple allergens. The company completed a $60 million Series C financing on February 20, 2020, led by Gurnet Point Capital, a healthcare-focused investment fund involved since Alladapt's inception, alongside investors including Anne Wojcicki, Camino Partners, Dave Bunning, Jeff Weiner, John Arrillaga Jr., Sacha Lainovic, Stephanie Winston Wolkoff, and TRB Advisors. Proceeds support the development of food allergy therapeutics, leveraging an in-house team of experts, distinguished scientific advisors, and patient perspectives in product formulation and clinical plans. Gurnet Point, founded by Ernesto Bertarelli and led by Christopher Viehbacher, provides long-term capital and operational expertise to advance therapies from bench to bedside. The financing underscores investor confidence in Alladapt's novel approach to improve access to effective treatments for underserved food allergy patients. Alladapt has raised additional capital post-Series C, including a $100+ million round in 2022 led by Enavate Sciences with participation from Gurnet Point, Novartis, Allerfund, Red Tree Venture Capital, and WestRiver Group to fund ADP101 clinical development, manufacturing buildout, and pipeline expansion. The company operates in a competitive biotech landscape with peers like PureTech Health, Dren Bio, and IgGenix.

Who has invested in Alladapt Immunotherapeutics?

14 investors have backed Alladapt Immunotherapeutics across its funding rounds, including Gurnet Point Capital, Novartis, Anne Wojcicki, Jeff Weiner, WestRiver Group and Patient Square Capital.

Lead investors include Patient Square Capital and Gurnet Point Capital.


Alladapt Immunotherapeutics Investors

Investors in Alladapt Immunotherapeutics by funding rounds participated
InvestorHQRoundsRoleFirst check
Gurnet Point CapitalUnited StatesUnited States2LeadFeb 2020
WestRiver GroupUnited StatesUnited States1ParticipantJun 2022
Patient Square CapitalUnited StatesSan Francisco, CA1LeadJun 2022
Sacha Lainovic--1ParticipantFeb 2020
Red Tree Venture CapitalUnited StatesPortola, CA1ParticipantJun 2022
NovartisSwitzerlandBasel1ParticipantJun 2022
TRB AdvisorsUnited StatesNew York City, NY1ParticipantFeb 2020
Camino PartnersUnited StatesAustin, TX1ParticipantFeb 2020
Dave Bunning--1ParticipantFeb 2020
Stephanie Winston Wolkoff--1ParticipantFeb 2020
John Arrillaga, Jr.United StatesSan Francisco, CA1ParticipantFeb 2020
AllerFundUnited StatesNew York City, NY1ParticipantJun 2022

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Alladapt Immunotherapeutics Competitors

Alladapt Immunotherapeutics competitors include listed companies like Cardiol Therapeutics, Compugen, Whitehawk Therapeutics and Keros Therapeutics, and private ones like SOM Biotech and NextRNA Therapeutics.

Public and private companies comparable to Alladapt Immunotherapeutics
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Cardiol TherapeuticsCanadaCanadaPublicly listed-($25M)$230M-
CompugenIsraelIsraelPublicly listed$73M$31M$230M3.9x
SOM BiotechSpainBarcelonaPrivate--$230M-
Whitehawk TherapeuticsUnited StatesUnited StatesPublicly listed$7M($27M)$233M20.9x
Keros TherapeuticsUnited StatesUnited StatesPublicly listed$244M$93M$225M-
NextRNA TherapeuticsUnited StatesUnited StatesPrivate--$234M-

Alladapt Immunotherapeutics Public Comps

Alladapt Immunotherapeutics is still privately-owned, but its public comps include Cardiol Therapeutics, Compugen, Keros Therapeutics, Whitehawk Therapeutics, Adagene, Guangzhou Innogen Pharma, Anavex Life Sciences, Adimmune, Sai Parenteral's and Tetratherix.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Cardiol Therapeutics-($25M)--(8.6x)(10.5x)
Compugen$73M$31M1.5x3.9x3.5x-
Keros Therapeutics$244M$93M----
Whitehawk Therapeutics$7M($27M)6.0x20.9x(1.6x)-
Adagene$8M($19M)15.6x21.9x(6.2x)(4.2x)
Guangzhou Innogen Pharma$20M($50M)3.9x1.8x(1.5x)(2.3x)
Anavex Life Sciences-($51M)--(2.1x)-
Adimmune$44M($3M)6.3x-(84.5x)-

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Common questions about Alladapt Immunotherapeutics

When was Alladapt Immunotherapeutics founded?Alladapt Immunotherapeutics was founded in 2018.
Where is Alladapt Immunotherapeutics headquartered?Alladapt Immunotherapeutics is headquartered in San Francisco, CA, United States.
Is Alladapt Immunotherapeutics publicly listed?No, Alladapt Immunotherapeutics is a private, VC-backed company.
What is Alladapt Immunotherapeutics' valuation?Alladapt Immunotherapeutics was last valued at $229M in its Series C in February 2020.
How much funding has Alladapt Immunotherapeutics raised?Alladapt Immunotherapeutics has raised $179M across 2 funding rounds.
What was Alladapt Immunotherapeutics' last funding round?Alladapt Immunotherapeutics' last funding round was a $119M undisclosed-stage round in June 2022, led by Patient Square Capital.
Who are Alladapt Immunotherapeutics' investors?Alladapt Immunotherapeutics' investors include Gurnet Point Capital, WestRiver Group, Patient Square Capital, Sacha Lainovic, Red Tree Venture Capital, Novartis, TRB Advisors, Camino Partners, Dave Bunning, Stephanie Winston Wolkoff and 4 others.
Which companies are comparable to Alladapt Immunotherapeutics?Companies comparable to Alladapt Immunotherapeutics include Cardiol Therapeutics, Compugen, SOM Biotech, Whitehawk Therapeutics, Keros Therapeutics and NextRNA Therapeutics.

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